Cinctive Capital Management LP Purchases Shares of 8,517 Houlihan Lokey, Inc. $HLI

Cinctive Capital Management LP acquired a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,517 shares of the financial services provider’s stock, valued at approximately $1,749,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HLI. Sowell Financial Services LLC grew its holdings in shares of Houlihan Lokey by 1.2% in the 3rd quarter. Sowell Financial Services LLC now owns 4,571 shares of the financial services provider’s stock worth $939,000 after purchasing an additional 55 shares during the last quarter. Resources Management Corp CT ADV lifted its holdings in Houlihan Lokey by 0.9% during the 2nd quarter. Resources Management Corp CT ADV now owns 5,845 shares of the financial services provider’s stock valued at $1,052,000 after purchasing an additional 55 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in Houlihan Lokey by 64.4% during the 3rd quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 58 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Houlihan Lokey by 16.5% in the third quarter. Farther Finance Advisors LLC now owns 467 shares of the financial services provider’s stock valued at $96,000 after buying an additional 66 shares in the last quarter. Finally, Xponance Inc. boosted its position in Houlihan Lokey by 0.9% in the third quarter. Xponance Inc. now owns 8,026 shares of the financial services provider’s stock valued at $1,648,000 after buying an additional 68 shares in the last quarter. 78.07% of the stock is owned by institutional investors.

Houlihan Lokey Trading Up 0.0%

Shares of NYSE HLI opened at $139.42 on Tuesday. Houlihan Lokey, Inc. has a 1-year low of $137.99 and a 1-year high of $211.78. The company has a 50-day moving average of $169.71 and a two-hundred day moving average of $181.59. The company has a market cap of $9.73 billion, a PE ratio of 21.42 and a beta of 0.95.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.85 by $0.09. Houlihan Lokey had a net margin of 16.91% and a return on equity of 24.46%. Houlihan Lokey’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.64 EPS. As a group, equities research analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, March 15th. Shareholders of record on Monday, March 2nd were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, March 2nd. Houlihan Lokey’s dividend payout ratio (DPR) is presently 36.87%.

Insider Buying and Selling at Houlihan Lokey

In other news, General Counsel Christopher M. Crain sold 500 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $174.17, for a total transaction of $87,085.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert A. Schriesheim sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $170.86, for a total value of $854,300.00. Following the completion of the transaction, the director owned 27,982 shares in the company, valued at approximately $4,781,004.52. This represents a 15.16% decrease in their position. The disclosure for this sale is available in the SEC filing. 22.83% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HLI has been the subject of several recent analyst reports. UBS Group dropped their price objective on shares of Houlihan Lokey from $196.00 to $163.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. Keefe, Bruyette & Woods reduced their target price on Houlihan Lokey from $218.00 to $214.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. Morgan Stanley dropped their price target on Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating for the company in a report on Tuesday, January 6th. BMO Capital Markets lifted their price objective on Houlihan Lokey from $209.00 to $211.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Finally, Weiss Ratings lowered Houlihan Lokey from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 9th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $204.57.

About Houlihan Lokey

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.